What’s behind the currency war?

posted by
February 23, 2011
Ludwig von Mises Institute
by Antony P. Mueller  
Posted in Commentary

"In September 2010, a short time before the international financial summit of the Group of Twenty (G20) took place in South Korea, Brazilian finance minister Guido Mantega declared that the world is experiencing a 'currency war' where 'devaluing currencies artificially is a global strategy.' By announcing the outbreak of a 'currency war,' Mantega wanted to draw attention to the problems caused by the ongoing exchange-rate manipulations that governments put in place in order to gain economic advantages." (02/23/11)


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